Exercise 24-10 NPV and profitability index LO P3 Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments (PV of $1. FV of S1. PVA of S1, and FVA of S1) (Use oppropriate factor(e) from the tobles provided) Project Initial investment Project $(176,325 (145,960) Expected net cash flows in Year 1 46,000 33,000 Year 2 42.000 56.000 Year 81.295 54,000 Year 4 91,400 72,000 Year 5 55,000 30,000 a. For each alternative project compute the net present value b. For each alternative project compute the profitability index If the company can only select one project, which should it choose? Complete this question by entering your answers in the tabs below. Required Required B Prey 1 of 1 : Next Check Required A Required B For each alternative project compute the net present value. Project A Initial Investment $ 176.325 Chart Values are Based on: % Year Cash Inflow X PV Factor 1 2 3 Present Value 4 5 Prow 11 HA Nov Initial Investment Year Cash Inflow Project B $ 145 960 PV Factor Present Value 1 2 3 4 5 Required B > Prey 1 of 1 Next e inity Index. If the company can only select one project, which should it choose? Complete this question by entering your answers in the tabs below. Required A Required B For each alternative project compute the profitability Index. If the company can only select one project, which should it choose Choose Numerator: Profitability Index Choose Denominator - Profitability Index Profitability index Project Project B If the company can only select one project which should it choose?